Constellation Brands: EPS target lowered for 2024-25
(CercleFinance.com) - On the occasion of its quarterly publication, Constellation Brands has lowered its full-year comparable EPS guidance to between $13.
40 and $13.80, compared with a previous target range of $13.60-13.80.
The alcoholic beverage group explains that it is reducing its growth assumptions for revenues and operating profit, but is raising its free cash flow projection to between $1.6 and $1.8 billion (compared with $1.4-1.5 billion previously).
For its third quarter 2024-25, Constellation Brands reports stable EPS at $3.25 and operating profit down 2% to $826 million, on sluggish sales of $2.46 billion, on a comparable basis.
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